Chennai’s southern corridor continues to drive demand and capital appreciation for investors in land development projects. This is because of improved connectivity, expanding city areas, growth of industries and infrastructure development, among others.A survey on the price appreciation in the southern corridor areas like Singaperumal Koil, Maraimalainagar, Acharapakkam and East Coast Road (ECR) reveal that investment…
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Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
Property Management for your Rental Properties, Letting out for rent in Chennai Coimbatore India
ChennaiAs apartments sales in the middle and high income segments are showing no signs of improvement, many builders are seriously scouting for small parcels of land to promote budget housing units in the sub – 20 lakh segment.This is a segment which most builders have ignored, but those who have ventured into it say they…
Read MoreAt a time when home buyers in the north and west are opting for smaller formats that fit their pockets, Chennai has continued its aversion to 1BHK units. For Chennai home buyers, small is definitely not ‘in’. A close look at the demand and supply data of Chennai property market reveals that the market is…
Read MoreDilapidated mill building will be demolished for the 71-acre project; work to begin in 2015
City-based Binny Ltd is venturing into the real estate space and will be setting up an Integrated Township through development agency model within the Binny Mills complex in Perambur, Chennai. The 71- acre-project will entail investments to the tune of Rs. 5,000- Rs. 6,000 crore. The existing dilapidated mill building, a prominent location in many Tamil films, will have to come down, sources said.
“Yes, we are coming out with a township. It would be a mix of both residential and commercial space. Work will commence by the second half of 2015,” M. Nandagopal, executive chairman, Binny Ltd, toldThe Hindu. “80 per cent of the township will be residential in nature and 20 per cent commercial. There will be retail activity too. A mall, hospital, and school are also on the cards,” he added.
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